The EUR/USD pair is highly recommended for traders who are only beginning to trade Forex. It trades easily by retail traders as well as by Central banks and financial institutions around the world.
The most active trading sessions takes place in London and New York and the most commonly used EUR/USD Forex charts are the Daily, 4 Hour and 1 Hour charts. The traders at Daily Forex will post the latest Euro to US dollar forecasts and will keep you totally updated regarding EUR/USD trading.
EUR/USD receives additional interest from volume generated by the Euro-crosses (e.g. euro/British pound (EUR/GBP), EUR/CHF and EUR/JPY. This interest tends to be contrary to the underlying U.S. dollar direction, making it an attractive market for short-term traders.
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The euro reached towards the 50-day EMA to test that technical indicator, as there was a little bit more of a “risk on” type of attitude around the world as Russian troops, at least some of them, walked away from the Ukrainian border.
The EUR/USD exchange rate suffered a major setback last week.
The euro initially tried to rally during the early hours on Monday but found the 50-day EMA to offer a little bit of resistance.
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We expected that gains in the EUR/USD currency pair would be subject to profit-taking at any time, as the divergence in economic performance
The euro broke through the psychologically and minor structural support level at the 1.14 handle on Friday.
The Euro has gone back and forth on Thursday, initially plummeting below the 1.14 level after the CPI numbers in America came out much stronger than anticipated.
The EUR/USD price may have bottomed out in January and could now be in the process of pulling back in the wake of the European Central Bank's monetary policy decision for February.
The euro rallied just a bit on Wednesday as the 1.14 level has offered a little bit of support.
The euro fell a bit on Tuesday to test the 1.14 level before turning around and showing signs of life.
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The EUR/USD exchange rate has entered the new week's trading near three-month highs, but with the momentum behind its rally, the single European currency may now struggle to extend its recovery.
The euro fell a bit on Monday as it looks like we are struggling to continue the overall momentum.
The euro went back and forth on Friday as we continue to see a little bit of hesitation in this area.
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The Euro has broken higher during the course of the trading session on Thursday to break above the 50 day EMA.
Amidst a state of risk appetite that dominated the markets, the EUR/USD exchange rate rose to key technical resistance levels during this week's trading.
The euro rallied a bit on Wednesday as we continue to see the euro move higher against the US dollar.